John Brian 4/A
4/A · NextBoat Inc. · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
NextBoat (NXB) CEO John Brian Sells 120,000 Shares
What Happened
John Brian, CEO and director of NextBoat Inc. (NXB), reported a disposition of 120,000 common shares on May 15, 2026. The filing reports a per-share price of $2.41 (total value $289,200), but an amendment clarifies the shares were transferred to a third‑party service provider as payment for professional services and Mr. Brian received no proceeds.
Key Details
- Transaction date: 2026-05-15; Form 4/A filed: 2026-05-29 (amended filing).
- Reported price: $2.41 per share (closing NYSE American price on trade date); reported total value: $289,200.
- Shares disposed: 120,000 (transaction code S). The filing states the shares were not sold on the open market.
- Shares held/beneficial ownership: securities are held by BK Investments LLC, of which Mr. Brian is the sole owner (per footnote).
- Footnote clarification: the amended Form 4/A adds that Mr. Brian personally bore the cost of the professional services, transferred the shares in payment, and received no economic consideration from the transfer.
- Timeliness: The Form 4/A was filed 14 days after the transaction (Form 4s are normally due within 2 business days), and this filing is labeled as an amendment to clarify the nature of the transfer.
Context
This was a transfer of shares to pay for professional services rather than an open-market sale; the amendment emphasizes there were no proceeds to the insider. Such transfers (and gifts or payments-in-kind) do not necessarily signal the insider’s view of the company’s stock price—readers should note the nature and timing of the transfer rather than infer trading intent.
Insider Transaction Report
- Sale
Common Stock
[F2][F1]2026-05-15$2.41/sh−120,000$289,200→ 1,133,350 total(indirect: See Footnote)
Footnotes (2)
- [F1]These securities are held by BK Investments LLC, of which the reporting person is the sole owner and may be deemed to beneficially own such securities.
- [F2]The price of $2.41 reported above represents the closing market price of the Issuer's common stock on the NYSE American on the date of transfer and does not represent proceeds received by Mr. John. The shares were not sold on the open market. Rather, the shares were transferred by Mr. John to a third-party service provider in consideration for professional services previously rendered to the Company, the cost of which Mr. John personally bore. Mr. John received no proceeds from the transfer of the shares. This amended Form 4/A is being filed to add this footnote 2 to clarify that Mr. John received no economic consideration in connection with the disposition of the shares.